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speaker boehner spoke with abc. let's listen to what he had to say about that interview. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. putti putting increased revenues on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement programs. >> reporter: so there you have it. he said raising tax rates is unacceptable. this is really the new slash old mantra. he says, again, revenues are on the table, but they have to come from the right place, which means tax reform and not raising rates on higher earners, so we're likely to hear more of that today. i spoke with a spokesman who said right now, no scheduled meetings between principles or staff. we're going to hear him continue to make the same points, most likely, ashleigh. >> all right. athena jones, thank you for that. we'll continue to follow and wait for those remarks, too. >>> so now i'm going to move on to this. it'
speaker boehner spoke with abc. let's listen to what he had to say about that interview. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. putti putting increased revenues on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement programs. >> reporter: so there you have it. he said raising tax rates is unacceptable. this is really the...
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. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two sides is as big
. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only...
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both president obama and house speaker john boehner say they are willing to negotiate. but tax hikes are a sticking point. president obama will meet with congressional leaders on the issue next week. >>> and in florida, it is all over, but the vote count, as the state tries to finalize its tally of the presidential election. unofficial results are due to the secretary of state by noon today. cnn has yet to project a winner, but president obama enjoys a 60,000 vote lead over mitt romney. >>> happy birthday to all the men and women serving in the marines around the world. today marks the 237th anniversary for the u.s. marine corps. they were founded in 1775. now, to celebrate, some will have birthday cake, some will hold special ceremonies, others will raise money for charity. >>> in washington state, prosecutors are throwing out 175 marijuana possession cases, that's because on tuesday voters there passed a ballot initiative that legalizes pot, so prosecutors in two counties, including seattle, drop cases that would no longer be punishable under the new law. the law tech
both president obama and house speaker john boehner say they are willing to negotiate. but tax hikes are a sticking point. president obama will meet with congressional leaders on the issue next week. >>> and in florida, it is all over, but the vote count, as the state tries to finalize its tally of the presidential election. unofficial results are due to the secretary of state by noon today. cnn has yet to project a winner, but president obama enjoys a 60,000 vote lead over mitt...
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having said that, i think john boehner, speaker boehner has shown his willingness to work out an agreement here. that can be done by affecting deductions, loopholes that would include those in the upper brackets so that the president could get the revenue that he says he's looking for, but it would be done in a way that tax rates are not increased. therefore, we believe that would not slow economic growth. i think there's enough on the table if both sides want an agreement, i think john boehner has put enough on the table that an agreement can be reached, and as far as republicans getting clocked in the last election, the fact is we still have a very large majority in the house of representatives, so it could be said that while president obama won and he did win, the fact is in the congress the american people have returned a republican house of representatives so we also have, if you want to call it a mandate. i don't like to get into that terminology. but having said that, i don't think there's any mandate, it's to try to reach common ground, and i think speaker boehner has put enough on
having said that, i think john boehner, speaker boehner has shown his willingness to work out an agreement here. that can be done by affecting deductions, loopholes that would include those in the upper brackets so that the president could get the revenue that he says he's looking for, but it would be done in a way that tax rates are not increased. therefore, we believe that would not slow economic growth. i think there's enough on the table if both sides want an agreement, i think john boehner...
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house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him sort of setting the scene and explaining to the american people what is at stake here, some of the things that christine outlined. we know that yesterday the cbo, congressional budget office put out a report saying that really the stakes here, that you could see the country sink into recession next year if we went off the fiscal cliff, that the unemployment rate could jump almost 2%. these are very serious things. this is post election. president obama's chance to kind of turn people's attention to this. and to urge congress to work together and to act. you heard him on tuesday night in chicago talking about the imp
house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him...
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where boehner is saying let's deal with this in 2013. he's actually trying to get this off the lame duck altogether, which is the way to ensure there's not a big deal. so in addition to the question about whether we are going to see a ball loance of revenues a spending cuts is whether we're going to get a big deficit deal which the president clearly wants and thinks is important. what you're hearing from boehner and mcconnell in washington speak is we don't want a deal, we don't want to go off the cliff and the only thing left is to punt. and i think that's a dangerous place as well because this is the issue one of the few times congress might be forced to actually do its job and get a budget passed for the american people. so when this question comes up about the bigger issue are we going to get a deal or not, what i'm hearing from boehner is no and the president yes. >> but the president's leverage doesn't go away if you punt for six months. i mean, it's not clear to me -- i agree with you that's one way to read the boehner/mcconnell p
where boehner is saying let's deal with this in 2013. he's actually trying to get this off the lame duck altogether, which is the way to ensure there's not a big deal. so in addition to the question about whether we are going to see a ball loance of revenues a spending cuts is whether we're going to get a big deficit deal which the president clearly wants and thinks is important. what you're hearing from boehner and mcconnell in washington speak is we don't want a deal, we don't want to go off...
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i'm encouraged about what speaker boehner said about revenues. may have hedged that a bit in the last 24 hours. may want to see where he can get it from tax reform first, ultimately, republicans are acknowledges, which is a good sign, there has to be revenue as part of the deal. >> you think it's posturing right now? >> i think it's what harry reid said. a lot of dancing going on. but i think we'll get to the thick pretty soon. >> everybody sees the fiscal cliff coming. how much can congress get done, especially if they only give it a week or so? >> that's the big question. two things to consider here. first is the question of the bush tax cuts for the wealthy expiring. the president has said that's going to happen, and that's the real stumbling block here, before you get even to the larger question of the fiscal cliff. everybody knows in the larger package, everybody wants to do tax reform, mitt romney proposed capping deductions, for example, during a campaign, something republicans might be able to sign on to, but even before they get to tax r
i'm encouraged about what speaker boehner said about revenues. may have hedged that a bit in the last 24 hours. may want to see where he can get it from tax reform first, ultimately, republicans are acknowledges, which is a good sign, there has to be revenue as part of the deal. >> you think it's posturing right now? >> i think it's what harry reid said. a lot of dancing going on. but i think we'll get to the thick pretty soon. >> everybody sees the fiscal cliff coming. how...
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>> the question is is, what is speaker boehner saying? he really talking about a balanced approach or what he used to talk about and republicans have claimed, which is another round of tax breaks for wealthy people will somehow trickle down, magically boost the economy so much that it will pay for itself and not increase the deficit. we know that doesn't work. and if that's what speaker boehner's talking about, then really, it's not going anywhere. now, if he's talking about what we call genuine budget revenue, that's a different story and if that's the case, i'd love to see his proposal. the president has put his on the table for revenue. let's see speaker boehner's proposal. he wants to do this in the open. let's see it. >> of course, he and the president had a deal and fingers can point all kinds of ways, but that failed. let's hope they can. but who's going to take the lead in negotiations on your side? is it going to be somebody who has been rather polarizing like nancy pelosi or someone else? >> during the talks between the speaker
>> the question is is, what is speaker boehner saying? he really talking about a balanced approach or what he used to talk about and republicans have claimed, which is another round of tax breaks for wealthy people will somehow trickle down, magically boost the economy so much that it will pay for itself and not increase the deficit. we know that doesn't work. and if that's what speaker boehner's talking about, then really, it's not going anywhere. now, if he's talking about what we call...
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president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the bush tax cuts for families making $250,000, less than $250 a year. he's been very explicit. tax rates will be raised for people who make more than that amount of money. so how did the president respond to john boehner's line in the sand? well we haven't heard from him since he returned to washington yesterday. we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the deficit by $4 trilli
president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the...
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i'm encouraged by what speaker boehner said about revenues. he may have hedged that a little bit in the last 24 hours and may want to see where he can get it from tax reform first, but ultimately, republicans are acknowledging which is a good sign that there has to be revenue as part of this deal. same thing on the democratic side -- >> you think it's posture right now, some of this stuff we're hearing? >> i think it's what harry reid said. there's a lot of dancing going on but i think we'll get to the fixing pretty soon. >> gloria, everyone sees the fiscal cliff coming here. how much can congress get done in the lame duck especially if they are only going to give it a week or so? >> you know, that's a big question. look, there are two things to consider here. first of all is the question of the bush tax cuts for the wealthy expiring. the president has said that's going to happen and that's the real stumbling block here before you get even to the larger question of the fiscal cliff. everybody knows in the larger package, everybody wants to do
i'm encouraged by what speaker boehner said about revenues. he may have hedged that a little bit in the last 24 hours and may want to see where he can get it from tax reform first, but ultimately, republicans are acknowledging which is a good sign that there has to be revenue as part of this deal. same thing on the democratic side -- >> you think it's posture right now, some of this stuff we're hearing? >> i think it's what harry reid said. there's a lot of dancing going on but i...
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we've heard from john boehner, we've heard from the president. we are lacking details, but it seems to me we're ahead in this conversation than we have been in the last six months. where do you see this going as the guy who looks into the credit risk of everybody in the world? >> i want to extrapolate, ali, from every experience in california. we voted for higher taxes in order to fund better education. and i think people are recognizing that fiscal sustainability has a newman rart and a deno, ma'minator. the numerator is about sustaining growth and paying debts. i think it's known that we need to establish both. it's not going to be a big jump, and i think richard is correct in reminding us this is a long haul, and let's focus on both the numerator and the denominator. >> the point steven has just made, and i will point out as well, you cannot have it both ways. you cannot remind us on the one hand that there is a $1.6 trillion deficit and on the other hand say we won't have tax raised. >> this is america. we've been doing that for 25 years. >>
we've heard from john boehner, we've heard from the president. we are lacking details, but it seems to me we're ahead in this conversation than we have been in the last six months. where do you see this going as the guy who looks into the credit risk of everybody in the world? >> i want to extrapolate, ali, from every experience in california. we voted for higher taxes in order to fund better education. and i think people are recognizing that fiscal sustainability has a newman rart and a...
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both the president and house speaker boehner signaling they are open to compromise but tax hikes on the rich remain a sticking point. >>> in politics, the presidential election may be history for most of the nation, but not in florida. the ballots are still being counted. yes, they're still counting. cnn has not yet projected a winner but the latest tally shows president obama with a 63,000 vote edge out of 8 million cast. counties have until noon today to submit unofficial results to the secretary of state. yes, florida again. >> still. but it doesn't matter this year. of course their votes matter, i'm not saying that. but we already know who won. >> yeah. >> it's not like the hanging chads, thank goodness. >> i feel like the other states are looking southeast like, come on, florida. >> get it together. >> come on, guys. >> well, yeah. we have problems everywhere else except florida it seems this year. >>> election day may have gone smoothly at the polls for some, but there were a lot of problems for others and around the nation. the examination of our voting system is ahead next hour.
both the president and house speaker boehner signaling they are open to compromise but tax hikes on the rich remain a sticking point. >>> in politics, the presidential election may be history for most of the nation, but not in florida. the ballots are still being counted. yes, they're still counting. cnn has not yet projected a winner but the latest tally shows president obama with a 63,000 vote edge out of 8 million cast. counties have until noon today to submit unofficial results to...
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i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the continuation. but i think you can scrape together enough to avoid sigh kwenltd strain. remember, they have to come up with only about $100 bill to set that aside. between spending cuts and loophol loopholes, i think you have to raise that. >> onpodesta, does the magts work, though, which is if you close produkz for the wealthy people, can you raise enough revenue? >> i think that's the fund mental question. >> well, i thnk the -- you know, this baurng the really contentious issue in the campaign. i think the only way do that is to take enough of a bite out of the plan. >> thing what the republicans would argue, david, is that the big problem is tax hikes are here to say and spending cutting tend to fritter away. is there a way do it to put away super majority, which is to say if you now want to go outside of this framework and raise spen
i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the continuation. but i think you can scrape together enough to avoid sigh kwenltd strain. remember, they have to come up with only about $100 bill to set that aside. between spending cuts and loophol loopholes, i think you have to raise that....
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. >> speaker john boehner, like wise, struck a tone and drawing a hard line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000 while preserving the bush tax cuts for the middle class. the latest now on tuesday's election. the president's margin of victory has now increased. he now has a 51% edge over romney in the national popular vote. that is up from a tie that we saw on election night. but down in florida, they are still counting the ballots. officials have until noon today to submit unofficial results to the secretary of state. cnn has yet to project a winner there, but with 97% of precincts reporting, president obama has a lead over romney. the romney campaign has conceded the race in florida. and for the first time since superstorm
. >> speaker john boehner, like wise, struck a tone and drawing a hard line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000...
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and john boehner, as well. and we cincinnatiens as speaker boehner may say, is that we can get to the table and we can negotiate. he's already sent a signal that he wants to do that and i believe that president obama wants to do that, too. they both have an interest. the white house line is saying we don't have a deal here we're going to go into recession while boehner is saying business is telling him, hey, let's stop the bonds market from falling apart and make sure that we can pay our national debt. >> republican strategist oliver mcgee. let's hope for a kumbayah moment. richard socarides, thanks to you both this morning. >> thank you. >>> mystery surrounds a missing american journalist thought to be held hostage in syria. coming up, his parents' emotional appeal and why some say the clues found in a video that they just don't add up. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone repla
and john boehner, as well. and we cincinnatiens as speaker boehner may say, is that we can get to the table and we can negotiate. he's already sent a signal that he wants to do that and i believe that president obama wants to do that, too. they both have an interest. the white house line is saying we don't have a deal here we're going to go into recession while boehner is saying business is telling him, hey, let's stop the bonds market from falling apart and make sure that we can pay our...
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. >> jessica, we heard boehner, john boehner, actually within the last 30 minutes or so talking about that there are ways to raise revenue and spending cuts as well in a all options are on the table. do you think the white house sees that as some sort of opening, if you will, to negotiations? >> i think both sides are hopeful there is wiggle room for negotiations. everyby knowthat sething s to gone becauseh economy will take such a serious hit if it doesn't. here is where i see the battle line right now. republicans on capitol hill tell me they are willing to raise revenue. that's a big change. they are willing to raise revenue, but without a change in the tax rates. the president has said that the highest earning americans have to pay more. congressional republicans saying no change to the tax rates. that's a big difference of opinion. they'll have to find a way to bridge that divide. beyond that, they're willing to compromise on entitlements. they're willing to find cuts, so there does seem to be room for compromise. there's also a willingness to get something done and avoid the hit
. >> jessica, we heard boehner, john boehner, actually within the last 30 minutes or so talking about that there are ways to raise revenue and spending cuts as well in a all options are on the table. do you think the white house sees that as some sort of opening, if you will, to negotiations? >> i think both sides are hopeful there is wiggle room for negotiations. everyby knowthat sething s to gone becauseh economy will take such a serious hit if it doesn't. here is where i see the...
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speaker boehner says this without getting into too much detail. i saw a poll just before the election, 65% of americans were quite happy for people earning more than a quarter of a million dollars a year to pay more tax. how long can the republicans led by the grover norquist gang sustain a position of there is zero movement or flexibility for any increased taxation when most americans think it's perfectly reasonable given there's a $16 trillion debt that the wealthiest should pay more tax? >> let's give some examples of where the two sides could come together. let's say that if you're president obama hypothetically you wanted to have the wealthy pay more, for example, within entitlement reform i think you could get a bipartisan coalition of people to say in the future, not for current recipients but in the future, we're going to means test certain aspects of entitlement benefits and that the wealthy will either pay more or won't qualify for as much. in the area of the tax code, i think you could get agreement to say that certain deductions, exemp
speaker boehner says this without getting into too much detail. i saw a poll just before the election, 65% of americans were quite happy for people earning more than a quarter of a million dollars a year to pay more tax. how long can the republicans led by the grover norquist gang sustain a position of there is zero movement or flexibility for any increased taxation when most americans think it's perfectly reasonable given there's a $16 trillion debt that the wealthiest should pay more tax?...
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so john boehner is the most reasonable, responsible guy in washington, according to john boehner. do you agree with that? >> well, you know, it's a new day. and perhaps there's a new john boehner. you know, i'm optimistic, and i think that, you know, elections clarify things and so i think this shows a very positive willingness to make a deal perhaps. >> ana, do you agree with that? >> well, zoraida, let's remember what the house of representatives is like. so it's not a high threshold to be the most responsible person in washington. but i do, you know, i do think that john boehner is doing everything he can to signal he's willing to work to the. i think he received a message that the american people said that they want to see some cooperation. and i do think john boehner is a businessman, a business oriented person who understands the economy, and understands that solving the fiscal cliff would be an important part of not having the economy go off a cliff again. now the big question is, okay, so john boehner thinks he's the most responsible person in washington. will his republic
so john boehner is the most reasonable, responsible guy in washington, according to john boehner. do you agree with that? >> well, you know, it's a new day. and perhaps there's a new john boehner. you know, i'm optimistic, and i think that, you know, elections clarify things and so i think this shows a very positive willingness to make a deal perhaps. >> ana, do you agree with that? >> well, zoraida, let's remember what the house of representatives is like. so it's not a high...
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the speaker boehner, mr. president, let's get some stuff going here, but how much of the responsibility lies with him? with speaker boehner, do you think? >> people want cooperation on both sides. the issue at hand will be the fiscal cliff and our budgetary situation. the president's put a proposal forward. it's incumbent on the speaker to say, what they would be willing to do and not simply say, it's not our responsibility. i think people expect everyone to live up to their responsibilities. and one thing that is clear as i moved around the country with the president is that they're hungry for that kind of cooperation. i hope that coming out of this election people will come with a renewed sense of cooperation. because it will take that to solve problems. let me just say one other thing, though, you mentioned that not much has changed. actually what is interesting is you have these super pacs spending literally billions of dollars to defeat the president and to defeat democrats running for congress. well, th
the speaker boehner, mr. president, let's get some stuff going here, but how much of the responsibility lies with him? with speaker boehner, do you think? >> people want cooperation on both sides. the issue at hand will be the fiscal cliff and our budgetary situation. the president's put a proposal forward. it's incumbent on the speaker to say, what they would be willing to do and not simply say, it's not our responsibility. i think people expect everyone to live up to their...
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plus, president obama and speaker boehner square off over the fiscal cliff, but someone has to give. who will it be? still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now when you come in, you can trade up to get a total value of $8,000 on a 2012 chevy silverado all-star edition. from outstanding value to standing the test of time, chevy runs deep. but what about your wrinkles? neutrogena® rapid wrinkle repair visibly reduces fine lines and wrinkles in just one week. why wait if you don't have to. neutrogena®. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepres
plus, president obama and speaker boehner square off over the fiscal cliff, but someone has to give. who will it be? still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now when you come in, you can trade up to get a total value of $8,000 on a 2012 chevy silverado all-star edition. from outstanding value to standing the...
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both boehner and mitch mcconnell said taxes will simply not go up, period. >> bu i think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, in that old expression, to skin a cat. i thought john boehner the other day was quite emphatic in saying we are open to new revenues under the right framework. dave gergen is absolutely correct. i think this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargain in the so-called lame duck session of the congress. but i think you can scrape together enough to avoid sequestration and avoid the fiscal cliff or fiscal slope. remember, they have to come up with only about $100 billion. i know that sounds weird. but $100 billion to set that aside. between spending cuts and perhaps some loophole closures i think they can raise it. but you can't confuse that with a long-term deal. >> john podesta, does the math work, though, which is if you close deductions for the wealthy people can you raise enough revenue? i think that's the fundamental question
both boehner and mitch mcconnell said taxes will simply not go up, period. >> bu i think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, in that old expression, to skin a cat. i thought john boehner the other day was quite emphatic in saying we are open to new revenues under the right framework. dave gergen is absolutely correct. i think this is a two-step deal. i think it's too ambitious with too little time to get...
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we're hearing from speaker boehner, we're hearing from the president. tell me more about how markets are reacting. >> first of all, you look at how the markets are doing, they are pretty flat. triple digit plunge made any real gains that we saw in the market today they fizzled out, brooke, right after president obama's speech. the dow up more than 70 points before we spoke to the nation about the looming fiscal cliff. and you saw the gains slowly but surely disappear. didn't deliver anything new. that's how the market sees it. more of a call to action. investors are nervous and they're showing it. look how the dow did the past couple of days. two days, between wednesday and thursday, it fell 430 points. more than 430 points. as you can see, it's wavering all day today. you know, investors, they have been moving money into bonds. that's a safer investment. they don't feel like they want to leave their money and stocks. it's a clear sign that wall street wants to hear more and wants more clarity on the fiscal cliff. brooke, with no end in sight, it is fea
we're hearing from speaker boehner, we're hearing from the president. tell me more about how markets are reacting. >> first of all, you look at how the markets are doing, they are pretty flat. triple digit plunge made any real gains that we saw in the market today they fizzled out, brooke, right after president obama's speech. the dow up more than 70 points before we spoke to the nation about the looming fiscal cliff. and you saw the gains slowly but surely disappear. didn't deliver...
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plus, president obama and speaker boehner square off over the fiscal cliff, but someone has to give. who will it be? imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, including those for migraine and while on cymbalta, call right away if you have high fever, confusion and stiff muscles or serious allergic skin reactions like blisters, p
plus, president obama and speaker boehner square off over the fiscal cliff, but someone has to give. who will it be? imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can...
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he called house speaker john boehner yesterday. house leaders from both parties conceding tuesday's election was a call to compromise. >> there's an alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the ceo of a global asset management firm put the odds at 30 to 40% that the u.s. will fall off the fiscal cliff. let's hope he's wrong. >>> governor john hickenlooper of colorado says don't break out the cheetos or the goldfish, at least not yet, after voters passed a ballot measure legalizing the recreational use of marijuana. that's setting up a looming legal battle with the justice department. we have this statement from the dea. "the drug enforcement administration's enfo
he called house speaker john boehner yesterday. house leaders from both parties conceding tuesday's election was a call to compromise. >> there's an alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw...
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john boehner came out and spoke. i heard a lobbyist saying the american people don't have patience, we have to get this done right a way to a very senior democratic leader of the senate and that seems to be case. we'll talk about that and why the president so far has been silent on that issue. plus tonight wolf and kate ann stevens will receive an award for her brother the common ground award from the secretary of state. she also met with the president today a and his national security adviser. ann stevens will be our guest tonight in her first u.s. television interview. >> the sister of the slain u.s. ambassador libya. good idea. i'm looking forward to that. thanks, erin. thieves carry out a dramatic heist rolling up to a jewelry store inside a london mall. get this on motor bikes and it's all caught on tape. dad vo: ok, time for bed, kiddo. lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] a europea
john boehner came out and spoke. i heard a lobbyist saying the american people don't have patience, we have to get this done right a way to a very senior democratic leader of the senate and that seems to be case. we'll talk about that and why the president so far has been silent on that issue. plus tonight wolf and kate ann stevens will receive an award for her brother the common ground award from the secretary of state. she also met with the president today a and his national security adviser....
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i need to see exactly what john boehner, the speaker of the house, means by, we're open to additional revenues if, you know, we need to know what that's going to be. the they will be the classic washington horse trading start to begin but we haven't had that horse trade for a long time. that in of itself is progress. >> too busy campaigning. >> you and i have lots of segments ahead. that is specifically revenue, what that means. is it just taxes or what else can it be? >> closing loopholes. finding ways to get the economy to grow. lots of ways to grow revenue for you. >> no vacation for you, either. [ male announcer ] a european-inspired suspension, but not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... inspired by a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady,
i need to see exactly what john boehner, the speaker of the house, means by, we're open to additional revenues if, you know, we need to know what that's going to be. the they will be the classic washington horse trading start to begin but we haven't had that horse trade for a long time. that in of itself is progress. >> too busy campaigning. >> you and i have lots of segments ahead. that is specifically revenue, what that means. is it just taxes or what else can it be? >>...
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you hear from speaker boehner saying 2013 will be the year we get the tough stuff done. tax reform and entitlement reform and making the cuts to the deficit. there are also people who think the democrats may take this to the very edge by sticking hard to their guns about raising taxes for the wealthier earners. so it will be interesting to see how it all plays out. i can tell you this coming friday, the president will meet at the white house with congressional leaders from both parties. that's where it's all beginning, susan. >> friday could be the big day. athena, thank you. appreciate it. >> we're still talking about sanda. there are lots of grassroots efforts to help survivors. they still need it. up next, you're going to meet a woman who survived the storm and is heading up an effort to help her neighbors. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. introducing the new 13-inch macbook pro,s ls f sport. ♪ with the stunning retina display. ♪ for the pro in all of us.
you hear from speaker boehner saying 2013 will be the year we get the tough stuff done. tax reform and entitlement reform and making the cuts to the deficit. there are also people who think the democrats may take this to the very edge by sticking hard to their guns about raising taxes for the wealthier earners. so it will be interesting to see how it all plays out. i can tell you this coming friday, the president will meet at the white house with congressional leaders from both parties. that's...
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boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in public, for example, the president now publicly at least has made clear that, yes, he promised during the campaign to raise those rates for those families making $250,000 or more but he is also in the next sentence said i am open if anybody has any other ideas to figuring out how to raise other tax revenue in order to achieve his goal which is deficit reduction, about a trillion dollars in deficit reduction. those kinds of lines and paramete parameters. >> dana bash, thank you so much. i know you're busy today. we appreciate you giving y
boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in...
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boehner and i think he has some interest in doing this. he's got to come up with substantial revenues as a contributor to a debt deal. >> i guess the best thing is that everybody's talking, but in your mind, what is the percentage that there will be a deal by january 1st? i say it's less than 50-50. there have been no discussion for two years. now, we've had an election. the world has changed, but is there the time that's required to have the very difficult discussions about entitlements, domestic discretionary, limits on the pentagon and revenues? it's an awful lot to get done in a short period of time. so if we can get it done, let's get it done. >> i'm hoping for a christmas day surprise, congressman. >> well, a lot of us would welcome that. >> thank you so much for joining us this morning. >> thank you. >>> this is 31 minutes past the hour. nancy pelosi likely will spend her next term the same way she spent her last one. california democrat made the official announcement moments ago. >> made the decision to submit my name to my colleag
boehner and i think he has some interest in doing this. he's got to come up with substantial revenues as a contributor to a debt deal. >> i guess the best thing is that everybody's talking, but in your mind, what is the percentage that there will be a deal by january 1st? i say it's less than 50-50. there have been no discussion for two years. now, we've had an election. the world has changed, but is there the time that's required to have the very difficult discussions about entitlements,...
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he wished speaker boehner an early happy birthday. listen to what he said. >> wait, excuse me, there is actually one other point that i wanted to make, and that is that my understanding is tomorrow is speaker boehner's birthday. so for those of you who want to wish him a happy birthday, we will -- we're not going to embarrass him with a cake because we didn't know how many candles were needed, but -- >> yeah, right. >> but we do want to wish him a happy birthday. >> thank you. thank you. >> so he is right, the speaker is turning 63 tomorrow, so happy birthday. >> did he get emotional? >> he didn't get emotional, but i believe you can see mike so summers, he gave him a gift from the president, which is a bottle of wine. he actually tweeted a picture there of the bottle of wine. >> thank you. nice moment. >>> new york city's silence is going viral in the days and weeks since sandy. the popular signer is telling cnn what she thinks of all the attention. i'm getting married. planning a life. there are risks, sure. but, there's no reward w
he wished speaker boehner an early happy birthday. listen to what he said. >> wait, excuse me, there is actually one other point that i wanted to make, and that is that my understanding is tomorrow is speaker boehner's birthday. so for those of you who want to wish him a happy birthday, we will -- we're not going to embarrass him with a cake because we didn't know how many candles were needed, but -- >> yeah, right. >> but we do want to wish him a happy birthday. >>...
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we saw the house speaker, john boehner. he says he is willing to accept new revenue, but not from higher tax rates on wealthy americans, so where is the compromise here. what is the offering? >> well, exactly. i mean, that's what we were standing what we are several months back. both sides say they want to find common ground and both of them remain dug in over this big issue of taxes. they should have to share the burden of bringing down the dead, and let's listen more of what speaker boehner had to say in his speech yesterday. >>> certainly won't do in a lame-duck session of congress. it won't be solved simply by raising tacks or taking a plunge off the fiscal cliff. >> you mentioned they are open to new revenue, and it's very important where that revenue comes from, and it has to come from the right place. to him the right place is not raising taxes on higher earners, it's tax reform that would lower rates for everyone, and it's economic growth that would bring in more sales taxes and that sort of thing. >> harry reid say
we saw the house speaker, john boehner. he says he is willing to accept new revenue, but not from higher tax rates on wealthy americans, so where is the compromise here. what is the offering? >> well, exactly. i mean, that's what we were standing what we are several months back. both sides say they want to find common ground and both of them remain dug in over this big issue of taxes. they should have to share the burden of bringing down the dead, and let's listen more of what speaker...
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. >> republicans under speaker boehner are saying, look, that's not going to happen. where is the wiggle room? how would you advise the president, the republicans to come up with something that's workable? >> well, you know, some sg is going to happen anyway, suzanne. if they don't reach agreement before the end of the year. those tax rates are going to go up, and the question is how long can the republicans in congress hold out once that happens, and they're going to be held responsible. there was a poll out yesterday that showed people will blame the congressional republicans for going off the fiscal cliff. people decide they had agreed with the president. the president has leverage. after the first of the year he is going to have more help in the senate, more help in the house, and he will have automatically higher tax rates, so the question will be will the republicans in the house and senate vote to lower the rates for the middle class because they will have gone up. one way or the other it will be resolved. that $3,500 tax on families, it's not going to happen.
. >> republicans under speaker boehner are saying, look, that's not going to happen. where is the wiggle room? how would you advise the president, the republicans to come up with something that's workable? >> well, you know, some sg is going to happen anyway, suzanne. if they don't reach agreement before the end of the year. those tax rates are going to go up, and the question is how long can the republicans in congress hold out once that happens, and they're going to be held...
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house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. i don't understand why republicans don't take obama's offer? >> cnn's senior congressional correspondent dana bash is live for us in washington, d.c. what do you make of his comments? >> soledad, look, bill kristol is not an elected official. he doesn't get a vote. but he is a very influential gop voice here in washington. and around the country. and for him to tell republicans it wouldn't kill to them to agree to tax increases for millionaires. it's a big deal. and we heard some similar talk from republicans who do have a vote like senator bob corker. listen to
house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i...
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i like what speaker boehner said and said, look, let's work on closing these loopholes and deductions. that is common ground. there's no reason why -- >> that would raise taxes on people. this is where you get this fight in the republican party. because if your taxes go up but your tax rate doesn't go up, is that a sell republicans can live with? >> it depends how it's mixed up. we don't want to raise the tax rate. if you're closing loopholes and broadening the base, lowering the rate, then i think we could get there. >> you signed groemp norquist's pledge i'm going to assume because pretty much every congressman did. >> yes. >> would you be fine doing a compromise where you would go against your signature on that pledge. if you felt there was a compromise on the table -- >> i do not -- i do not -- >> to the pledge -- dramatic, wasn't it? >> it was dramatic. >> but i need these notes so i'm going to put them back like that. >> i do not intend to do that. i want to fight for the principles i believe in. i, too, was elected, and i think that's part of the give and take. >> grover norqui
i like what speaker boehner said and said, look, let's work on closing these loopholes and deductions. that is common ground. there's no reason why -- >> that would raise taxes on people. this is where you get this fight in the republican party. because if your taxes go up but your tax rate doesn't go up, is that a sell republicans can live with? >> it depends how it's mixed up. we don't want to raise the tax rate. if you're closing loopholes and broadening the base, lowering the...
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you know, when speaker boehner said i don't want to put anybody in a box, they don't want to have some framework out there the markets are going to get all concerned about. but inside wall street, different analysts and investment houses are saying they're not certain that a deal is -- the kind of deal that wall street wants is going to actually get done. so that's still something to really be concerned about. a lot of comparisons going on in the debt ceiling debate of 2011 that started all this. that was a very hard time for investors. and for the public. now something that's a little more fun, faster and cooler, motor trend car of the year, this was a really cool tesla model "s" all-electric plug-in luxury car. the first time an electric car has been elected. eleven finalists. and this was a pretty solid field. the ford fusion, porsche 911. the hyundai azera and the editor at motor trend said at its core the tesla model "s" is simply a damned good car you happen to blug in to refuel. seats seven. in part because it doesn't have a big, bulky combustion engine. average 74.5 miles per g
you know, when speaker boehner said i don't want to put anybody in a box, they don't want to have some framework out there the markets are going to get all concerned about. but inside wall street, different analysts and investment houses are saying they're not certain that a deal is -- the kind of deal that wall street wants is going to actually get done. so that's still something to really be concerned about. a lot of comparisons going on in the debt ceiling debate of 2011 that started all...
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and the house democratic caucus was willing to sign on the dotted line to that compromise with john boehner and eric cantor a year ago. we remain ready, willing and able to compromise. the american people have an unquenchable thirst for solutions. they have an unquenchable thirst for compromise and consensus. at that press conference yesterday it was nancy pelosi notwithstanding what governor christie has said. it was nancy pelosi who said we remain ready, willing and able to find a compromise. to find common ground with republicans to avoid the fiscal cliff. we need solutions and not sequestration. >> jonathan karl did an interview with paul ryan and what paul ryan said in this is essentially that, that the president doesn't have a mandate. karl said he won some 300 some electoral votes, every battleground state except for north carolina. does president obama have a mandate and, and he said no, i don't think so. because then nancy pelosi would be in charge of the house of representatives. and she's not. do you think that he's got a point? >> you know what has a mandate? solutions have a ha
and the house democratic caucus was willing to sign on the dotted line to that compromise with john boehner and eric cantor a year ago. we remain ready, willing and able to compromise. the american people have an unquenchable thirst for solutions. they have an unquenchable thirst for compromise and consensus. at that press conference yesterday it was nancy pelosi notwithstanding what governor christie has said. it was nancy pelosi who said we remain ready, willing and able to find a compromise....
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understand he had out there at the end point for the failed grand bargain negotiations with speaker boehner. you know how these things work. everyone stakes out their two sides and ultimately, the final decision is somewhere in the middle. >> that's right. big negotiating game. this is a starting point. brianna keilar, great to see you this morning. >> it is seven minutes past the hour. will she or won't she? do you know? >> i wish i did. >> politicos in washington want to know if nancy pelosi will seek another term as house minority leader. the 72-year-old california democrat is expected to announce her decision today. pelosi has scheduled leadership elections for november 29th. that's later than usual. and that's prompted speculation that the former speaker may relinquish her role as a top house democrat. they say she's holding this very close to the vest. >>> and coming up on "starting point," former house speaker and gop presidential hopeful newt gingrich and his wife callista. their take on the presidential election, and will also weigh in on the petraeus scandal. >> and keep it on cnn
understand he had out there at the end point for the failed grand bargain negotiations with speaker boehner. you know how these things work. everyone stakes out their two sides and ultimately, the final decision is somewhere in the middle. >> that's right. big negotiating game. this is a starting point. brianna keilar, great to see you this morning. >> it is seven minutes past the hour. will she or won't she? do you know? >> i wish i did. >> politicos in washington want...
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the answer at this point is likely no because even the top republican in congress, house speaker john boehner yesterday threw cold water on it saying he doesn't think it's necessary and the top democrat in the senate says the same thing, and others, as well. i have to tell you something that just happened on capitol hill, and that is our senate producer ted barrett just ran into john mccain and asked about something that we're hearing from democrats, which is john mccain is calling for more information to congress, but he had a press conference yesterday instead of going to a closed briefing where administration officials were giving more information. well, ted barrett asked john mccain about that, and it was apparently an intense very angry exchange and mccain simply would not comment on it at all. >> so this is just getting uglier and uglier, at least more passionate, shall we say, dana bash. >> absolutely. >> thanks so much. >>> the gop republicans struggling with its party identity after losing the presidential election last tuesday and it's not just pundits trying to figure out why the r
the answer at this point is likely no because even the top republican in congress, house speaker john boehner yesterday threw cold water on it saying he doesn't think it's necessary and the top democrat in the senate says the same thing, and others, as well. i have to tell you something that just happened on capitol hill, and that is our senate producer ted barrett just ran into john mccain and asked about something that we're hearing from democrats, which is john mccain is calling for more...
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that's the fourth ranking leadership position in the house republican leadership with john boehner, eric canter and kevin mccarthy ahead of her. that's big news for house republicans. also big news on the democratic side of the house today after much, much speculation, nancy pelosi announced she'll stay on for another two years as a top democrat in the house. but that wasn't the only message she was sending today. despite losing the gavel to republicans in 2010 and failing to win it back last week, nancy pelosi says she's staying. >> i have made a decision to submit my name to my colleagues to once again serve as the house democratic leader. >> reporter: flanked by dozens of her democratic female colleagues, pelosi clearly relished the chance to draw a stark contrast with house republicans. >> i'm so proud to stand here with you, my sisters. this is girls morning out. we must have the further empo r empowerment of women. this statement of the strength of women in the congress of the united states. >> reporter: the next congress will have a record 78 women serving in the house. 58 of them
that's the fourth ranking leadership position in the house republican leadership with john boehner, eric canter and kevin mccarthy ahead of her. that's big news for house republicans. also big news on the democratic side of the house today after much, much speculation, nancy pelosi announced she'll stay on for another two years as a top democrat in the house. but that wasn't the only message she was sending today. despite losing the gavel to republicans in 2010 and failing to win it back last...